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Estonia Real GDP

Estonia's real GDP fell to $27.5 billion in 2024, down from $27.57 billion in 2023, according to World Bank. This represents a decrease of 0.3% ($71.97 million) from the previous year and accounts for 0.03% of the world's total real GDP. Estonia has real GDP lower than the global median ($27.50 billion vs median $29.34 billion). Compared with the median in Europe, Estonia is lower ($27.50 billion vs regional median $78.54 billion) and ranks 34th out of 47 countries in Europe.

Estonia's GDP per capita fell to $20,046.03 in 2024, down from $20,123.42 in 2023.

Yearly Historical Data (1990-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 27.5
2023 27.57
2022 28.43
2021 28.42
2020 26.52
2019 27.31
2018 26.33
2017 25.39
2016 24.03
2015 23.31
2014 22.89
2013 22.15
2012 21.77
2011 21
2010 19.52
2009 19.05
2008 22.31
2007 23.52
2006 21.86
2005 19.92
2004 18.19
2003 17.03
2002 15.83
2001 14.8
2000 13.98
1999 12.7
1998 12.75
1997 12.22
1996 10.81
1995 10.3
1994 9.86
1993 10.02
1992 10.63
1991 13.49
1990 14.66
Estonia Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Estonia, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $42.76B $41.29B 2024
GDP Annual Growth Rate -0.26% -3.02% 2024
GDP per Capita $20,046.03 $20,123.42 2024
GDP per Capita PPP $41,546.12 $41,706.52 2024
R&D Expenditure (% GDP) 1.78% 1.77% 2022